Loan

Own home is every family’s dream .But buying one is difficult as it involves lot of money which is not readily available at our disposal. Hence home loan comes handy by bridging the financial gap to help you aquire your dream home. with a wide variety of housing loans available in India, financing your dream home project has got simpler..

Home Loan Can Be Availed for :

  • Purchase Of New Flat
  • Purchase Of ResaleFlat/Bunglow
  • Purchase Of Plot
  • Purchase Of Plot for Self Construction
  • Balance Transfer
  • Renovation Of Exixting Home

If one has existing home , he can use the same to get loan against property to and utilize the fund at low rate to

  • Start new business venture
  • Funds for Marriage
  • Childs higher education
  • Medical Emergencies ..

Documents Required For Home Loan

For Salaried:-

  • Form 16 ( latest)
  • Photos (2nos.)
  • Pan card
  • Residence proof
  • Identity proof
  • Last 3 months salary slips
  • Salary Account Bank statements of 6 months
  • if any existing loan then 1 year repayment track record months of the existing loan.

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity loan creates a lien against the borrower's house and reduces actual home equity.

Most home equity loans require good to excellent credit history, reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types: closed end (traditionally just called a home-equity loan) and open end (aka a home-equity line of credit). Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. Home equity loan can be used as a person's main mortgage in place of a traditional mortgage. However, one can not purchase a home using a home equity loan, one can only use a home equity loan to refinance. In the United States, in most cases it is possible to deduct home equity loan interest on one's personal income taxes.

We will give you a loan against your property. Be it commercial or residential. You can also apply for this loan if you need funds to acquire new property. A take-over of your existing loan with refinancing is also possible with Loan Against Property

  • Attractive interest rates
  • Doorstep service
    • Loan against property - Residential
    • Loan against property - Commercial
    • Loan for purchase of commercial property
    • Take-over of existing loan with additional refinance (Balance Transfer)
    • Lease Rental Discounting (LRD)

Who is Eligible?

The following are the eligibility criteria depending upon the income profile-

Salaried Individuals:

  • Any individual who is in permanent service in government or a reputed company
  • The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to the age of superannuation

Professionals:

  • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only) can apply
  • The applicant should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Self-employed Individuals:

  • Any individual filing Income Tax returns can apply
  • The applicant in all the cases should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity

Lease Rental Discounting (LRD):

  • All resident individuals can apply. The lessee must however be a company as defined under the Companies Act, 1956. Funding will be done only against ready commercial property. The same will be restricted to 85% of the net present value of the future rentals or 50% of the value of property, whichever is lower.

An application for an Loan Against Property loan should feature the following documents:

Document

 

Salaried Applicants

 

Other Applicants

Proof of identity   Voter's ID card or driving license or PAN card or photo credit card or employee's ID card, or defense or police or government department ID card   Voter's ID card or driving license or PAN card or photo credit card
Proof of income   Latest salary slip showing all deductions or Form 16 along with recent salary certificate   IT Returns for the last 2 years and computation of income for the last 2 years certified by a CA
Proof of residence   Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or employers letter certifying the current mailing address or latest NSC or other similar instruments indicating the address or existing house lease agreement   Bank account statement or latest electricity bill or latest mobile or telephone bill or latest credit card statement or latest LIC policy or insurance premium receipt or latest NSC or other similar instruments indicating the address
Bank statement or pass book where salary or income is credited   Last 6 months   Last 6 months
Guarantor form   Optional   Optional
Lease Agreement   Copy of lease agreement required for all lease rental discounting cases   Copy of lease agreement required for all lease rental discounting cases

Why to opt for Loan Against Property ?

  • Capital requirement for Business.
  • For your Child's marriage.
  • Send your Child for higher studies!
  • Fund Medical Treatments.
  • In Debt consolidation.
  • Loan Against Property Loan Quotes are free for customers. It's a totally free service for customers.
  • All loans repayment period are over 6 months. No short term loans.

Personal Loan are the loan provided without any Security. These are Short Term Loans which are available to meet expenses like.

Marriage of Daughter, Education of Child, to pay of Medical Bill and other contingencies. Available for Salaried Individuals

Eligibility Criteria:

  1. Must be an employee of Limited or MNC Company or in Govt. Job
  2. Minimum Salary to be 12,000/- in Account
  3. Must be in Job for Minimum of 3 Years
  4. Salary must be coming in Bank Account
  5. Good CIBIL Score

Do You want to buy your dream Car? What are you waiting for? Now you can get you dream car with in 3 Days. Finance available up to 85% of the cost of your Car.

Documents Required for the Loan:

  1. One year Income Tax Return to be Minimum of 2,00,000/-.
  2. 6 Month Bank Statement
  3. Pan Card, Residence Proof, Office Address Proof
  4. Latest Salary Slip (For Salaried)
  5. 2 years Form 16.